Atlantic Power Corp. has completed the acquisition of the equity ownership interests held by AltaGas Power Holdings in the Craven County and Grayling contracted biomass plants.
Craven County Wood Energy is a 48-megawatt biomass plant in North Carolina that has been in service since October 1990.
Atlantic Power acquired a 50 percent interest from AltaGas, and the remaining 50 percent interest is held by CMS Energy.
Craven County has a power purchase agreement with Duke Energy Carolinas.
The plant burns wood waste, including wood chips, poultry litter, forestry residues, mill waste, bark and sawdust.
Grayling Generating Station is a 37-megawatt biomass plant in Michigan that has been in service since June 1992. Atlantic Power acquired a 30 percent interest from AltaGas, and the remaining interests are held by Fortistar (20 percent) and CMS Energy (50 percent). Grayling has a PPA with Consumers Energy, the utility subsidiary of CMS Energy, which runs through December 2027.
The plant burns wood waste from local mills, forestry residues, mill waste and bark.